Stamp duty rules for form 1, moa, aoa, and form 5

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2013
Dear Sir

I want to know why Stamp Duty is much more high in Punjab as compared to the other states, is there any reason behind the same ?

State wise stamp duty rules for eForm 1, Memorandum of Association (MoA), Articles of Associations (AoA) )

Punjab (companies having share capital other than section 25)

Form1 : Rs. 25
MOA: Rs. 5000
AOA : Rs. 5000 if authorised capital is less than equal to Rs. 1 lakh and 10,000 if authorised capital is greater than Rs. 1 lakh

please answer asap

thanks

Ajay Mishra

Ajay Mishra (Expert)
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23 September 2013 Hi

It will be explained by The Punjab State.

I will support the stamp duty levied by Punjab State, because when you will increase your authorised share capital, you will not paid any stamp duty on such increase.

Most of the other state levied .15% stamp duty on increased capital.

So you are lucky in this sense that your company will not paid any further stamp duty on share capital.

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2013 So sir

do you want to say
if we increase our paid up capital in future then we'll not require to pay any stamp duty

is it ?

Kindly clarify

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